Economy
Early tourism estimates point to increased airline pre-bookings and lower cruise passengers in 2017
The demand for airline travel to Greece remains very strong for 2017, particularly from German-speaking countries, according to INSETE, the Institute of the Greek Tourism Confederation (SETE).
Car sales fall by 19.8 pct in Dec but rebound for fourth successive year in 2016
Road motor vehicles (going into circulation for the first time) fell considerably by 19.8 percent in December following a rise of 18.4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
After holiday hiatus, Athens tries to get review moving again
With the date of the return of the institutions’ mission chiefs to Athens still unknown, Greek Finance Minister Euclid Tsakalotos is heading to Paris and Brussels this week to meet with his French counterpart Michel Sapin and European Economic Affairs Commissioner Pierre Moscovici.
Trade deficit rises by 1.2 pct in November
Greece’s trade deficit edged up by 1.2 percent in November, after a double-digit drop of 16.1 percent in October, Hellenic Statistical Authority (ELSTAT) data displayed on Monday.
Industrial production growth slows to 2.3 pct in Nov
Greece’s Industrial Production Index (IPI) rose by 2.3 percent in November after an upward revised increase of 7 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Provisions of out-of-court workout bill outlined ahead of submission to Parliament
In an interview with Ethnos daily on Saturday, Economy and Development Minister Dimitris Papadimitriou outlined the key highlights of the draft law on the out-of-court workout that is due to be tabled in the Parliament by the end of January.
Economic sentiment and consumer confidence rebound by more than 2 pts in Dec
Greece’s economic sentiment (ESI) improved by 2.2 points to 94.6 in December after falling by 1.4 points in November, European Commission (EC) figures showed on Friday.
Greek stocks start 2017 with gains of 2.6 pct, banks continue outperforming
The Greek stock market began 2017 by gaining 2.6 percent in the first week of the year amid relatively light trading volumes.
December retail sales seen down 2.5 pct amid tax onrush
Sales in the Greek retail market fell by at least 2.5 percent in December compared to the corresponding period last year, according to the preliminary estimates of the Hellenic Confederation of Commerce and Entrepreneurship (ESEE).
Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct
Greek households’ new time deposit rate declined for the third successive month in November, when t fell by 5 basis points (bps) to 0.71 percent from 0.76 percent in October, Bank of Greece (BoG) data showed on Wednesday.